Abstract
The development of trade has brought about serious pollution problems, and the impact of trade policies on firms' pollution has attracted attention. Taking the export tax rebate (ETR) policy changes of “the highly energy, highly polluting and resource consuming” (HHR) products as an exogenous shock, we examine the impact of the ETR reform on the SO2 emission intensity of Chinese industrial firms by using the time-varying DD method. The study found that the ETR policy reform of HHR products could reduce the SO2 emission intensity of firms by increasing the investment of environmental protection equipment and improving the energy utilization of technology of enterprises. The heterogeneity analysis shows that the policy has a more significantly effect on technology-intensive firms, the firms with a cleaner export product structure and the firms located in less environmentally protection force areas. The findings of this paper provide empirical evidence to support the governance of corporate pollution from the perspective of ETR policy.
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